Gold and What Mov...
Follow
78.6K views | +9 today
 
Scooped by Hal
onto Gold and What Moves it.
Scoop.it!

The Root of America’s Problem … | Uncommon Wisdom Daily

The Root of America’s Problem … | Uncommon Wisdom Daily | Gold and What Moves it. | Scoop.it
The Fed’s promise to print 40 billion new dollars every month is pushing thousands of savvy investors into gold. However, as the need for gold grows, so too do the risks of buying it and owning it ....

 

"A Powerful Shift Is Under Way

 

"In the wisdom traditions of the world, such sayings are found as “every high thing shall be made low,” or that yin becomes yang and yang becomes yin.

 

"So maybe we shouldn’t be surprised that America has become less-free — and, necessarily, less-prosperous.

 

"And maybe it shouldn’t be surprising that people in China and much of the rest of the world have struggled out from under the boot of the state and, becoming more-free, are also becoming more-prosperous.

 

"Wouldn’t it be a sad irony — sad for us, anyway — if the outcome of this dynamic should be that China increasingly embraces free markets and economic freedom, while the United States continues its downward spiral into statism?

 

"That seems to be the case. ..."

more...
No comment yet.

From around the web

Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
Curated by Hal
Your new post is loading...
Your new post is loading...
Scooped by Hal
Scoop.it!

LearCapital | Download Lear Gold & Silver Daily Today!

LearCapital | Download Lear Gold & Silver Daily Today! | Gold and What Moves it. | Scoop.it

Download the Free Lear Gold & Silver Daily Today!

 

Stay on top of the latest breaking commodities market news, coin prices, real time charts and special promotions from Lear Capital's “Lear Gold and Silver Daily” app for both iOS  and Android devices .

 

The Lear Gold and Silver Daily app is a special new benefit brought to you by Lear Capital at no additional cost.

more...
No comment yet.
Scooped by Hal
Scoop.it!

China's retail Jewellery sales climb 19.3% in Mar

China's retail Jewellery sales climb 19.3% in Mar | Gold and What Moves it. | Scoop.it
During January to March period this year, China's retail jewellery sales grew to RMB81.9 billion ($13.2 billion), an increase of 3.6% from a year earlier.


BEIJING (Bullion Street): China's retail jewellery sales advanced in March this year, according to latest government data.

Retail sales of gold, silver and jewellery in China during March totalled RMB25.8 billion ($4.15 billion), rose 19.3% from a year earlier, JNA reported citing data from the National Bureau of Statistics of China.
more...
No comment yet.
Scooped by Hal
Scoop.it!

India FY15 Gold imports climb 19.5% to $34.32 bn

Increase in gold imports impacts the country's trade deficit, which has reached $137 billion in 2014-15, and the current account deficit.

 

MUMBAI (BullionStreet): India's gold imports climbed 19.5% to $34.32 billion in fiscal year 2014-15 mainly attributed to declining prices and easing of restrictions by the Reserve Bank of India.

more...
No comment yet.
Scooped by Hal
Scoop.it!

What Could a Mass Default Mean for Precious Metals Investors? - American Hard Assets

May 1 (Gold Investing News) —  Earlier this month, Switzerland was in the spotlight when it became the first country to sell 10-year government bonds with a negative yield.


Many investors wondered what the news would mean for the gold space, and Resource Investing News took a stab at answering that question, ultimately determining that it’s tough to say what the impact might be. Indeed, HSBC’s Stephen Major likely summed it up best with the statement, “[w]e have unconventional central bank policies at work so you have to expect unconventional outcomes.”

 

A similar topic came to the fore this week, and while it’s just as complicated, its impact for precious metals investors is a little more clear. Here’s a breakdown of that topic and what its impact could be. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

US Gold production drops to 17,400 kg in January

US Gold production drops to 17,400 kg in January | Gold and What Moves it. | Scoop.it
United States mines produced 17,400 kilograms (kg) of gold during January, a drop of 9% compare to a month earlier and slightly down from January 2014.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Ignore the 'whiff of panic' as US economy stalls

Ignore the 'whiff of panic' as US economy stalls | Gold and What Moves it. | Scoop.it
The US economy has suddenly stalled. A blizzard of shockingly weak figures raise the awful possibility that America's six-year growth cycle since the Great Recession has already rolled over, with unsettling implications for the world.
Worse yet, this apparent exhaustion is taking hold even before the Federal Reserve has begun to raise interest rates or to drain any of its $3.7 trillion of quantitative easing and balance-sheet expansion.
Former US Treasury Secretary Larry Summers warned in Davos earlier this year that the Fed typically needs to cut rates by three or four percentage points to combat each cyclical downturn. It is currently at zero. "Are we anywhere near the point when we have 3pc or 4pc running room to cut rates? This is why I am worried," he said.
Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

After Japan's Massive QE: Luxury Up 20%, All Retail Up 2.6%, Real Wages Down 2.4%

After Japan's Massive QE:  Luxury Up 20%, All Retail Up 2.6%, Real Wages Down 2.4% | Gold and What Moves it. | Scoop.it

Japan continues to provide the best refutation of monetary policy as anything other than destructive. With its economy stripped bare of dynamic essentials after thirty years of the Bank of Japan’s “lead”, marginal changes are left as remnants of nothing more than monetary transmission. In the space of QQE, that has used up and destroyed what was left of Japan’s once-dominant trade position, leaving the economy to hollow out from the inside as Japan Inc transfers to Offshore Inc.

Even the press toward the 2% inflation target has been pushed back, as if 2 years and a quadrillion (give or take a few trillions) yen were not enough to begin with. Back in April 2013, BoJ Governor Haruhiko Kuroda mentioned that his policy would be “flexible” (using that exact term) with regard to reaching the target and the manner in doing so, but it was clear then that he was talking about the exact opposite case ...

Hal's insight:

Click through for the rest. But this is how QE works. Benefiting the upper echelon.

more...
No comment yet.
Scooped by Hal
Scoop.it!

The Chinese Are Going for Gold - American Hard Assets

April 28 (WSJ) — China’s gold consumption showed signs of recovering in the first three months this year after plunging in 2014, as relatively low bullion prices attract Asian interest, especially in gold jewelry.
Demand in the first quarter rose 1.1% compared with a year earlier to 326.68 metric tons, China Gold Association president Song Xin said Tuesday.
China is likely to maintain this trend in demand growth for the rest of this year, Mr. Song said at an industry conference.
Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

The Federal Reserve versus the Commerce Department

The Federal Reserve versus the Commerce Department | Gold and What Moves it. | Scoop.it
The Federal Reserve Bank of Atlanta has already calculated that the first-quarter GDP will be 0.1 percent on an annualized basis. Put in plain English, this means that the economy grew a barely noticeable 0.025 percent during 2015’s first three months.
Let me paint you a picture another way: If someone hadn’t purchased two packs of bubble gum in Peoria, the GDP might have been negative.
The excitement will come if Commerce manages to come up with a number that’s substantially different than that of the Atlanta Fed, which just started keeping regular tabs on GDP.
more...
No comment yet.
Scooped by Hal
Scoop.it!

India gold output dropped 8% to 1.43 tonne in FY 2015 - Shanghai Metals Market

The country’s total gold production during the previous fiscal year from April 2014 to March 2015 dropped nearly 8% when compared with the previous fiscal year. India gold output dropped 8% to 1.43 tonne in FY 2015
more...
No comment yet.
Scooped by Hal
Scoop.it!

Let's Blame The Savers | Michael Pento | Safehaven.com

Just like in the world of fashion, economic terminologies come in and out of vogue. One such economic term trending recently is Secular Stagnation. First proposed by Keynesian economist Alvin Hansen back in the 1930s, Secular Stagnation was coined to explain America's dismal economic performance -- in which sluggish growth and employment levels were well below potential.
The term is now back in style thanks to the likes of the contemporary heroes of Keynesian economics, like Larry Summers and Paul Krugman; and is based on the notion that a chronic savings glut has resulted in the economy operating well below potential. The notion that the developed world is trapped in some type of stagnation is something I can agree with.
However, the reasoning offered for this stagnation completely dismisses the role of central banks and assumes low growth and interest rates are instead being driven by those pesky savers.
more...
No comment yet.
Scooped by Hal
Scoop.it!

China, the yuan, the dollar and gold. Where is it all heading?

by Lawrie Williams
I have just published an article on Mineweb which looks a little more deeply at the possible impacts of the Chinese yuan becoming part of the IMF’s Special Drawing Right basket en route to it being acceptable as a global reserve currency. This seems to be China’s aim, but we don’t see how it can happen without some major currency structural changes, and these could have a very significant impact on the future of global trade and on gold and it could force China to announce the long awaited uprating of its gold reserve this year – as many have speculated it will.

We see any move to bring the yuan into the SDR basket as necessitating China decoupling the yuan from the US Dollar. The SDR basket is made up of a mix of currencies – the dollar, euro, pound sterling and yen, the idea being that between them this provides broad stability in the SDR’s value over time and that bringing in a currency which is tied to one of the others already in the basket would defeat the overall objective! Thus to participate in the SDR we suggest that China will have to drop the currency peg to the dollar and allow it to float freely. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Peering Down The Rabbit Hole At The Coming Collapse | Investment Research Dynamics

I was listening to your podcast with the Silver Doctors today and I found it very helpful the way you explained the derivatives problems.  I have been reading Zerohedge for several years and even searched youtube on the subject but you cleared up a lot of the confusion for me.  – reader response from “Lawrence”

Eric Dubin of The News Doctors and  “Doc” of Silver Doctors invited me on to their weekly “Metals & Markets” show this past week.  Rather than reinvent a wheel that has already been manufactured, here’s Eric Dubin’s perfectly good wheel that accompanies the podcast:

Dave Kranzler published a grand slam article last week (click here).  Doc and I were happy he could join us to discuss what I consider to be smoking gun proof that there is a low grade fire burning in the derivatives market, and it could flare-up into a crisis at any time.  You owe it to yourself to read the article, and for more context listen to our discussion. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Beware of the phantom: ‘New jobs’ hoax

Beware of the phantom: ‘New jobs’ hoax | Gold and What Moves it. | Scoop.it

Get ready for another ride on the economic roller coaster.

 

Last week, we got bad news about the economy when it was announced that the US gross domestic product barely rose in the first three months of 2015.

 

And it looks as though the 0.2 percent annualized growth reported by the Commerce Department for the winter months will turn into a contraction when revisions are made at the end of May.

 

Worse, GDP in the second quarter hasn’t gotten much better. The Atlanta Federal Reserve’s GDPNow, which tracks the economy in real time, has GDP growing at a wimpy 0.8 percent annual rate in the second quarter.

 

So the economy is doing poorly, right? Right — but you might not believe that in a few days. Why not?

 

Well, hop aboard the roller coaster. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

What are the two factors which hurt Gold now?

What are the two factors which hurt Gold now? | Gold and What Moves it. | Scoop.it
The gold market is suffering on two fronts, said Barclays, which is helping prices remain at a six-week low.

 

LONDON (Bullion Street): The gold market is suffering on two fronts, said Barclays, which is helping prices remain at a six-week low. 

“Gold sits under a cloud of a firmer interest rate environment, and scope for the first rate hike since 2006. Its spirits have been further dampened by a lacklustre physical market in China and India,” said commodity analysts at Barclays. 

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold’s Asian Future

Gold’s Asian Future | Gold and What Moves it. | Scoop.it

Gold has failed to fire in 2015, but its legions of admirers can thank Asia for a more bullish longer-term outlook, according to ANZ Research.

In a recently released report, titled “East to El Dorado: Asia and the Future of Gold,” the Australian bank’s economists said Asia’s growing wealth and love for the yellow metal would see the gold price exceed $2,000 an ounce by 2025, compared to current prices around $1,200.

According to ANZ’s Warren Hogan and Victor Thianpiriya, Asia will represent over half the global economy by 2050, with rising incomes supporting increased demand for gold investments. China and India are already the world’s two biggest gold consumers, with three-quarters of the world’s supplies sent to Asia and the Middle East in recent years.

However, average gold demand in Asia’s emerging economies is currently only half the level of that in developed economies, with demand also boosted by cultural factors such as Indian weddings. “We estimate that total retail and institutional gold demand for the ‘Asia 10’ region could amount to almost 5,000 metric tons per annum by 2030, up from 2,500 tons currently,” the authors said. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

oftwominds-Charles Hugh Smith: Escaping the Deadly Financial Rip-Tide of Debt and Speculation

oftwominds-Charles Hugh Smith: Escaping the Deadly Financial Rip-Tide of Debt and Speculation | Gold and What Moves it. | Scoop.it

Only those know to swim parallel to the shore can escape the destructive rip-tide of debt and speculative risk pulling everyone to insecurity and impoverishment.

Longtime correspondent Kevin K. recently shared an extremely insightful analogy of our financial peril. Those of you who swim or body-surf in the ocean are familiar with rip-tides--strong currents shaped by the contours of inlets and bays that pull unwary swimmers rapidly out to sea.

Those with experience of rip-tides know that it is futile to swim against the tide--those who try will only exhaust themselves, and be carried away despite their exertions.

The only way to escape the rip-tide is to swim parallel to the shore. This succeeds because the rip-tide is like a narrow river; once the swimmer moves out of the strong flow, the current's deadly pull quickly subsides. ...

Hal's insight:

Click through for the full post.

more...
No comment yet.
Scooped by Hal
Scoop.it!

oftwominds-Charles Hugh Smith: The Financial Markets Now Control Everything

oftwominds-Charles Hugh Smith: The Financial Markets Now Control Everything | Gold and What Moves it. | Scoop.it

The entire economic and political structure is now dependent in one way or another on the continued expansion of financial markets.

The financial markets don't just dominate the economy--they now control everything. In 1999, the BBC broadcast a 4-part documentary by Adam Curtis, The Mayfair Set ( Episode 1: "Who Pays Wins" 58 minutes), that explored the way financial markets have come to dominate not just the economy but the political process and society.

In effect, politicians now look to the markets for policy guidance, and any market turbulence now causes governments to quickly amend their policies to "rescue" the all-important markets from instability. ...

 

... It's not just banks that have become too big to fail; the markets themselves are now too influential and big to fail. ...

Hal's insight:

Click through for the rest. Real good read.

more...
No comment yet.
Scooped by Hal
Scoop.it!

China and Russia to increase trade to $100bn in 2015

China and Russia to increase trade to $100bn in 2015 | Gold and What Moves it. | Scoop.it
China intends to ramp up trade with Russia to $100 billion in 2015, the Chinese Ambassador to Russia Li Hui has said. The $4.7 billion increase from last year cements the countries commitment to boosting cooperation in finance and energy.

"We intend to increase bilateral trade to $100 billion this year,” Hui said at a news conference in Moscow Wednesday, as quoted by TASS. In 2014, trade between the two countries was worth $95.3 billion.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Yuan/Dollar unpegging to SDR to PBOC's Gold - the relationships are becoming interesting

In a move to further internationalise the use of its currency in global trade, China appears to be seeking to have the yuan included in the basket of currencies that make up the IMF’s Special Drawing Right.  Currently the US Dollar, the Euro, The British Pound Sterling and the Japanese yen in varying percentages form the current SDR basket, but this is due for review this year with initial meetings to be held next month and a final decision on any changes to the basket should be made by October.

Why is all this suddenly seen as so significant?  China has already had some considerable success in internationalising the use of the yuan through bilateral deals but the general consensus is that it would like it to be recognised as A global reserve currency.  Perhaps not THE global reserve currency – yet – but to rank alongside the dollar in particular given it sees that the...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

US dollar payments from Crimea blocked by Western banks - media

US dollar payments from Crimea blocked by Western banks - media | Gold and What Moves it. | Scoop.it
Western banks are reportedly refusing to transfer foreign currency payments from Crimea via the SWIFT transaction system. In December Visa, MasterCard and PayPal stopped providing services to the peninsula.

Transactions by residents and companies registered in Crimea are not being processed and even blocked, the Russian newspaper Vedomosti said on Tuesday, referring to unnamed official of one of the payment systems.

“If a client is registered in Crimea, foreign banks will block the foreign currency payments made by him,” another official from one of the Russian payment systems was cited as saying to the newspaper.
Hal's insight:

The currency wars rage.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Controversial post: What could happen after the dollar dies

Controversial post: What could happen after the dollar dies | Gold and What Moves it. | Scoop.it
From Jeff Thomas for Doug Casey’s International Man:

Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it.

The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the inflation, the greater the danger that hyperinflation will take place. No government has ever been able to control hyperinflation. If it occurs, it does so quickly and always ends with a crash.

Although there are observers (myself included) who frequently discuss what a reserve-currency crash would mean to the world, there is little or no discussion as to how this would impact people on the street level, and perhaps that discussion should begin.
Hal's insight:

Click through for the rest. It's a good read.

more...
No comment yet.
Scooped by Hal
Scoop.it!

China's Gold production advances 14.7% in Q1

China's Gold production advances 14.7% in Q1 | Gold and What Moves it. | Scoop.it
China's gold consumption in the first quarter rose 1.14% from a year earlier to 326.68 tons.
more...
No comment yet.
Scooped by Hal
Scoop.it!

Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History? | Gold and What Moves it. | Scoop.it
Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.  Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.  But in recent times, the price of silver has actually fallen quite a bit.  As I write this, it is sitting at the ridiculously low price of $15.66 an ounce.  So up to this point, JP Morgan’s investment in silver has definitely not paid off.  But it will pay off in a big way if we will soon be entering a time of great financial turmoil.

During a time of crisis, investors tend to flood into physical gold and silver.  And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another crisis” in a letter to shareholders…
more...
No comment yet.
Scooped by Hal
Scoop.it!

oftwominds-Charles Hugh Smith: Our Financial Future: Infinite Greed Meets a Funny Thing Called Karma

oftwominds-Charles Hugh Smith: Our Financial Future: Infinite Greed Meets a Funny Thing Called Karma | Gold and What Moves it. | Scoop.it

All those angered by the mere question of the viability of this predatory pillaging in the name of capitalism are incapable of even admitting this cultural crisis exists.

Somewhere along the line, we lost the ability to distinguish between earning a profit and maximizing private gain by any means, i.e. Infinite Greed. If you insist on making this distinction now, you anger a lot of people, as it blows the capitalist cover of Infinite Greed.


The distinction between earning a profit and maximizing private gain by any means angers not just the few benefiting from the useful delusion that Infinite Greed is simply profit on overdrive; it seems to anger everyone who believes the Status Quo of burning mountains of coal to power towel warmers, sitting in traffic burning petrol two hours a day and central banks enriching the already wealthy is not just sustainable but gol-darned good. ...

Hal's insight:

Click through for the rest.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Greece Debt Crisis Cannot Be Contained-Bill Holter | Greg Hunter’s USAWatchdog

Greece Debt Crisis Cannot Be Contained-Bill Holter | Greg Hunter’s USAWatchdog | Gold and What Moves it. | Scoop.it
Financial writer Bill Holter says you can forget what the experts says about “containing” the Greek debt crisis.  Holter contends, “Contained is famous last words.  This cannot be “contained.”  Greece is the canary for the entire world.  The western world is Greece.  The western world is massively in debt.  There are derivative losses all over that place that are being hidden, and Greece is what sets off the realization that there are losses and the chain has broken.”

Holter goes on to say, “You have to understand that there are layers to this.  The German banks, the French banks, the Greek banks and many of the various European countries’ banks hold Greek debt.  They also hold
Hal's insight:

Click through for the video interview.

more...
No comment yet.